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$1,595,000
Total Beds: 9 Total Baths: 5
Total Units: 5 SQFT: 5237
LOT size: 0.21 Acres
175 Hancock St
Everett, MA 02149
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Property Description

Attention investors and buyers !! Great opportunity to own a large 5-unit rental property on a corner lot. The property is at a 7% cap rate on current income. The building consists of one (1) 4-Bedroom/1 Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit and three (3) 1-Bedroom/1-Bathroom units. Majority of units renovated and has off-street parking for up to 7 cars. Public transportation is readily available on Hancock Street with MBTA buses providing regular service to the Sullivan Square, Malden Center and Wellington stations on the MBTA’s Orange Line.

Property Details

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 9
  • Total Full Baths: 5
  • Amenities: Public Transportation, Shopping
  • Basement Features: Bulkhead, Full
  • Common Rooms: Kitchen, Living Room
  • Common Appliances: Range, Refrigerator, Washer & Dryer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Hot Water Radiators

Financial

  • APOD Available: Yes
  • Gross Operating Income: 146400
  • Gross Expenses: 17732
  • Electric Expenses: 532
  • Water/Sewer: 3425
  • INSC: 6875
  • Net Operating Income: 112525

Utilities

  • Heat Zones: 1
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73375206
  • Last Updated: 05/22/25

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Map

Seller's Representative: Eric Paul, J. Borstell Real Estate, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-05-22 09:28:00

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